US1462291097 - Common Stock
Why CARTER'S INC (NYSE:CRI) is a Top Pick for Dividend Investors.
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Shares of children’s apparel manufacturer Carter’s (NYSE:CRI) fell 7.6% in the morning session after the company reported weak third-quarter earnings results, with its EPS forecast for the next quarter missing Wall Street's estimates. Revenue was also underwhelming as it came in roughly in line with expectations. Management attributed the softness to inflation and interest rates, which "weighed on families with young children and demand for our brands." Overall, the outlook seems to be weighing on shares.
Children’s apparel manufacturer Carter’s (NYSE:CRI) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 4.2% year on year to $758.5 million. On the other hand, the company expects next quarter’s revenue to be around $820 million, slightly below analysts’ estimates. Its non-GAAP profit of $1.64 per share was 17.3% above analysts’ consensus estimates.
Children’s apparel manufacturer Carter’s (NYSE:CRI) will be announcing earnings results tomorrow morning. Here’s what investors should know.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the apparel, accessories and luxury goods industry, including Carter's (NYSE:CRI) and its peers.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Carter’s (NYSE:CRI) just reported results for the second quarter of 2024....
CRI stock results show that Carter's beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.
Children’s apparel manufacturer Carter’s (NYSE:CRI) fell short of analysts' expectations in Q2 CY2024, with revenue down 6% year on year to $564.4 million. Next quarter's revenue guidance of $745 million also underwhelmed, coming in 7.6% below analysts' estimates. It made a non-GAAP profit of $0.76 per share, improving from its profit of $0.64 per share in the same quarter last year.
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